Estée Lauder Companies’ (EL) “Market Perform” Rating Reaffirmed at Oppenheimer

Oppenheimer reaffirmed their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a research report report published on Monday morning, Benzinga reports.

A number of other brokerages also recently commented on EL. Bank of America raised Estée Lauder Companies from a neutral rating to a buy rating and increased their price target for the company from $160.00 to $170.00 in a report on Thursday, March 28th. Wells Fargo & Company increased their price target on Estée Lauder Companies from $155.00 to $175.00 and gave the company an overweight rating in a report on Tuesday, February 6th. Barclays increased their price target on Estée Lauder Companies from $141.00 to $146.00 and gave the company an equal weight rating in a report on Friday. Deutsche Bank Aktiengesellschaft downgraded Estée Lauder Companies from a buy rating to a hold rating and set a $146.00 price target for the company. in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada upped their price objective on Estée Lauder Companies from $115.00 to $131.00 and gave the company a sector perform rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $168.00.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $137.23 on Monday. Estée Lauder Companies has a 1-year low of $102.22 and a 1-year high of $260.46. The business has a 50-day moving average of $146.74 and a 200-day moving average of $138.08. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96. The company has a market capitalization of $49.19 billion, a price-to-earnings ratio of 105.56, a PEG ratio of 3.61 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The company’s revenue was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Estée Lauder Companies will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio is currently 203.08%.

Hedge Funds Weigh In On Estée Lauder Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EL. Norges Bank bought a new position in Estée Lauder Companies during the 4th quarter valued at $518,975,000. Lazard Asset Management LLC boosted its stake in shares of Estée Lauder Companies by 68.5% during the 3rd quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock worth $537,850,000 after acquiring an additional 1,512,982 shares in the last quarter. AKO Capital LLP boosted its stake in shares of Estée Lauder Companies by 304.8% during the 4th quarter. AKO Capital LLP now owns 1,871,074 shares of the company’s stock worth $273,645,000 after acquiring an additional 1,408,897 shares in the last quarter. FMR LLC boosted its stake in shares of Estée Lauder Companies by 35.4% during the 3rd quarter. FMR LLC now owns 5,311,174 shares of the company’s stock worth $767,730,000 after acquiring an additional 1,387,271 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Estée Lauder Companies by 20.0% during the 4th quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock worth $1,739,070,000 after acquiring an additional 1,167,553 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.